Atlanta single mom, 54, drained $85K from her retirement based on ex-boyfriend’s bad advice. What The Ramsey Show says
View original at finance.yahoo.comAtlanta single mom, 54, drained $85K from her retirement based on ex-boyfriend’s bad advice. What The Ramsey Show says At 54, Sabrina thought she was making a smart move…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
I'm basically starting from scratch. I just want to make the right decisions going forward.
60% confidenceOnly 57% of households headed by individuals aged 55-64 had retirement account balances
60% confidenceNearly 50% of Americans are making 1 big Social Security mistake
60% confidenceBy their mid-50s, workers should aim to have around seven times their annual salary saved for retirement
60% confidenceBy their mid-50s, workers should aim to have around seven times their annual salary saved for retirement
60% confidenceWithdrawals from most tax-advantaged retirement accounts before age 59.5 typically face a 10% early withdrawal penalty, plus taxation as income
60% confidenceBy their mid-50s, workers should aim to have around seven times their annual salary saved for retirement
60% confidenceI'm basically starting from scratch. I just want to make the right decisions going forward
60% confidenceI'm basically starting from scratch. I just want to make the right decisions going forward.
60% confidenceNearly 50% of Americans are making 1 big Social Security mistake
60% confidenceI'm basically starting from scratch. I just want to make the right decisions going forward.
60% confidenceThe stock investment opportunity was promising
60% confidenceBy their mid-50s, workers should aim to have around seven times their annual salary saved for retirement
60% confidenceThe stock opportunity was promising and worth investing retirement funds in
60% confidenceNearly 50% of Americans are making 1 big Social Security mistake
60% confidenceNearly 50% of Americans are making 1 big Social Security mistake
60% confidence
Data points we hold from this source
| Board of Governors of the Federal Reserve System · retirement account ownership rate | 57 percent |
| Board of Governors of the Federal Reserve System · household retirement account participation rate age 55 64 | 57 percent |